Leading banks finalise Rs1.275trn rescue plan to support ailing power sector
Deal formalised with signing of term-sheet at HBL in Karachi, disbursement expected in May; loan will be repaid over six years with an interest rate of 10.5% to 11%
Power sector sees highest divestment in March despite strong 9MFY25 inflows
Power led outflows with $77.87m in March; financial sector remains top FDI recipient in FY25
Power generation rises 5% to 8,409 GWh in March, 62% produced from local coal
Despite the March growth, overall generation down by 2% in the first nine months of FY2024-25
Asian nations, including Pakistan, look to buy more US energy to offset trade imbalance
Pakistan may buy US crude equivalent to current imports of oil and refined products, or about $1 billion of oil: report
LSMI sector posts negative 1.90% growth in eight months of FY 2024-25
Overall output decline driven by reductions in key sectors, with tobacco, automobiles, and petroleum showing growth amid broader industry contraction
Central Power Purchasing Agency nears to sign deal with 18 banks for Rs1.275trn loan to reduce circular debt
Agreement expected by weekend, loan will provide fresh funding of Rs617 billion at 10.50% to 11% mark-up, repayments to be funded through Rs 3.23 per unit Debt Service Surcharge
Govt to align electricity, gas subsidies with BISP for targeted support, IMF assured
Govt intends to implement new system for electricity subsidies to address inefficiencies in current subsidy structure by January 2027
Why Liberty Power backed out of buying out Engro’s energy business
A week after the acquirer announced it was backing out, Engro clarifies what happened: Liberty got cold feet
Pakistan’s oil and gas reserves see first growth since 2020
The difference may not mean much in the long run, but represents good news after years of decline
APTMA demands ban on yarn, cloth imports under Export Finance Scheme
Over 120 textile mills shut down due to the removal of sales tax exemption on local supplies, APTMA urges government to reinstate EFS and support local textile sector
Ministry of Information abolishes over 1,900 posts at PTV in rightsizing effort
1,232 positions eliminated from PTV’s total approved posts; 729 posts declared “dying” positions; abolished roles span various levels, including high-ranking designations
Govt agrees to IMF-led power reforms including tariff hikes, debt transfer to CPPA-G
Measures are aimed at stabilising the sector and ensuring debt sustainability
Pakistan’s local oil reserves rise 23% to 238 million barrels in 2024, gas reserves stable
New discoveries and increased production drive growth in oil reserves, while gas reserves show limited change
Car sales grow by 46% YoY in 9MFY25: report
The automotive market in Pakistan is bouncing back with impressive gains, driven by economic stability and rising consumer confidence.
NEPRA to hear tariff cut petitions from 11 IPPs on April 16
More IPPs agree to revised terms amid tariff relief push